High Profile Retail Investment
AUCTION - TUESDAY 30TH AUGUST
Premium Automotive Service Centre
Renewed 10 yr lease + options to 2041
National tenant - AutoPact Group
Triple Net Lease $664,202.88 (+GST)*
Next Commercial in conjunction with Blowes Real Estate is delighted to offer to market 202 Sydney Road, Kelso for sale by Public Auction.
Secured by AutoPact - one of Australia's largest private motor vehicle retailers - operating 26 independent sites across the eastern states of Australia.
Triple Net Lease with tenant responsible for outgoings, repairs, maintenance, and building improvements.
Enormous 11,890sqm* developed site located on the northern perimeter of Bathurst CBD, neighbouring BP, BCF, Petbarn, Freedom Furniture, Jaycar and McDonalds.
+ Renewed 10-year Triple Net Lease commencing November 2021, plus 10-year option to 2041
+ Modern 2,590sqm* motor vehicle showrooms & fully automated service centre
+ 11,890sqm* developed site fronting Great Western Highway
+ Lessee pays all statutory outgoings, repairs, maintenance, and building improvements
+ Annual rental increases greater of CPI or 3%. (Ratchet clause applies at option review)
+ Annual net income $664,202.88 (+GST)*
For sale by Public Auction
Tuesday 30 August 2022
AuctionWorks - 50 Margaret St, Sydney 2000
For further information and inspections, please contact the exclusive selling agents.
Anthony Bray 0419 322 233
Gary Blowes 0418 635 248